Hatboro Horsham Educational Foundation EIN 23-2387721 Form 990 (PDF) Claim this org

Hatboro Horsham Educational Foundation FY2021 filing

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Enhances and enriches educational opportunities for Hatboro-Horsham School District students. For fiscal year 2021 it reported $206K in revenue, $202K in expenses, and $612K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Horsham, PA
Website
www.hhef.org
Filings
5 on file (2021–2021)
Revenue
$206KFY2021
Expenses
$202K
Net assets
$612K
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2387721 Public charity (501(c)(3)) Horsham, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Enhances and enriches educational opportunities for Hatboro-Horsham School District students.
Leadership
Sharon Gallo · Board Member
Money in and out
$206K revenue, $202K expenses
Bottom line
55% program efficiency
Where the money goes · FY2021
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$202K
Pt IX · Ln 25
Net assets
$612K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4K
Where spending went · Part IX cols B–D
Program services $0.55 Management & general $0.42 Fundraising $0.03
Program efficiency
55%
of spending reaches programs
Operating runway
36.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$206K
FY2021
Expenses
$202K
FY2021
Total assets
$615K
FY2021
Total liabilities
$3K
FY2021
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$202K
Pt IX · Ln 25
Net assets
$612K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4K
Total assetsPt X · Ln 16$615K
Program-expense ratioPt IX · col B55%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHatboro Horsham Educational Foundation
EINHdr · item D23-2387721
Principal addressHdr · item CHorsham, PA
WebsiteHdr · item Jwww.hhef.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B00J)
Ruling yearIRS BMFDec 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Financial Secretary
$0Pt VII · Sec A

Taralee Kepner’s $1 as Board Member is at the 0th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Mission & Programs · Part III

Where the work happens

3 program services account for $108K of program spending, described in the organization's own filed words · FY2020.
01

Innovative Learning Grants

The hhef provides grant funds to educators of the hatboro-horsham school district through our innovative learning grants (ilg) program. Every year teachers and principals submit applications that are reviewed by a committee comprised of hhef board members, community members and school district administrators.

$52Kprogram expense
02

Guest Professionals

By bringing eye-opening and mind-expanding guest presenters into direct contact with our students, we make inspiration, awe and discovery a valuable component of our children's education. Our students will have the opportunity to meet these guest presenters and interact with these individuals during standard school hours and within their…

$46Kprogram expense
03

Hhef support helps provide the latest technology and equipment for HHSD robotics programs from chassis-drive systems to lego mindstorm EV3 robots. Hhef funds also support competition fees for students at keith valley middle school and hatboro-horsham high school.

$10Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$189K · 92%
Program service revenue$12K · 6%
Investment income$6K · 3%
Contributions & grants92%$189K
Program service revenue6%$12K
Investment income3%$6K
— government grantsLn 1e$12K
Total revenueLn 12$206K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.55 Management & general $0.42 Fundraising $0.03
Program services55%$112K
Management & general42%$85K
Fundraising3%$5K
Total functional expensesLn 25$202K

Balance Sheet

Part X · end of year
CashLn 1$610K
Total assetsLn 16$615K
Total liabilitiesLn 26$3K
Total net assetsLn 32$612K
Months of cash on handcomputed36.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $610K · Operating expenses/yr $202K
36.3 months
Where the money goes
Program services
Program services $112K · Total expenses $202K
55%
Management & General
Management & general $85K · Total expenses $202K
42%
Fundraising
Fundraising $5K · Total expenses $202K
3%
Cost to raise $1
Fundraising expense $5K · Solicited contributions $177K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $189K · Total revenue $206K
92%
Government reliance
Government grants $12K · Total revenue $206K
6%
Earned-income share
Program service revenue $12K · Total revenue $206K
6%
Investment reliance
Investment income $6K · Total revenue $206K
+3%
Program self-sufficiency
Program service revenue $12K · Total expenses $202K
6%
Growth & trend
Revenue growth (YoY)
This year $206K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $612K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $206K · Expenses $202K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $615K
Net-asset ratio
Net assets $612K · Total assets $615K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $615K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sharon Gallo · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $202K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $58K · Total expenses $202K
29%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 55%
Overhead ratio 42%
Fundraising cost ratio 3%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$178
Grants paid · 6 grants · $416K · 2020–2024
Hatboro-Horsham School DistrictFY2024$102,937
Friends of Briar BushPA · FY2024$8,500
Hatboro-Horsham School DistrictFY2023$109,953
Hatboro-Horsham School DistrictFY2022$49,155
Hatboro-Horsham School DistrictFY2021$80,033
Hatboro-Horsham School DistrictFY2020$65,134

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$199K revenue · ⤓ 990 PDF
FY2024$238K revenue · ⤓ 990 PDF
FY2023$229K revenue · ⤓ 990 PDF
FY2022$228K revenue · ⤓ 990 PDF
FY2021$206K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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